TP ICAP, the largest interdealer broker in the world, has added a new member to its team, with the firm announcing this Friday the appointment of Richard Berliand to its Board as a non-executive director and chairman designate.
According to the statement made through the London Stock Exchange (LSE), Berliand will join the company during the first quarter of next year. However, in order to ensure an “orderly handover,” he will not become the chairman until the conclusion of the Annual General Meeting on May 15, 2019.
This is to allow for Rupert Robson, who announced his retirement earlier this year, to vacate his role as non-executive chairman, a position he has held during the last six of the 12 years he has been apart of TP ICAP’s Board.
Berliand joins the interdealer broker with extensive experience across the financial services sector. During his career, he spent 23 years at JPMorgan. Here he worked in a number of roles across asset classes and geographies. Before his retirement in 2011, he was a managing director for global cash equities and prime services businesses.
At present, he is a member of the Supervisory Board of Deutsche Börse AG and until recently, was the Deputy Chairman. He is also a senior independent director and chairman of the remuneration committee at Man Group plc and a member of the Board of Rothesay Life Plc.
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According to the statement, Berliand will step down from his position at Rothesay Life Plc in Q1 of 2019. Once he has done this, his appointment to TP ICAP’s Board will be confirmed. He will also relinquish his position at Deutsche Börse AG at its Annual General Meeting on 8 May 2019.
Commenting on the appointment Angela Knight, Senior Independent Director, said: “After a comprehensive search, the Board is very pleased to announce the appointment of Richard Berliand as the future Chairman of TP ICAP and Rupert’s successor.
“Richard has a proven track record in the global financial markets in which the Company operates. His experience will prove invaluable as we build on our position as the world’s largest inter-dealer broker and capitalise on the opportunities available in areas such as data & analytics.”
TP ICAP Announces Further Board Moves
Today, TP ICAP also announced that the chair of the Board’s Risk Committee, Carol Sergeant will be retiring from her position at the end of this year. Replacing her on an interim basis is David Shalders, a member of the Risk Committee.
In addition, the interdealer broker also confirmed that Stephen Pull is retiring as a non-executive director, which will be effective from May following the Annual General Meeting.
“On behalf of the Board, I would like to extend huge thanks to both Carol and Stephen for their hard work and contribution as Board Committee Chairs and members of the Board and wish them both well for the future,” the current chairman Robson said.